I totaled my car. No insurance. Still owe money to the bank! Want to refinance. Help!!!?

Answers:4   |   LastUpdateAt:2012-05-06 23:02:17  

Asked at 2012-02-23 03:37:00
Ok here's the deal . Has financed a car through a dealership (1 st instead of buying a car), and was taken completely. I did not understand the paperwork, and the person who sold me GAP insurance said would take care of me if the car was destroyed. What I did not realize was I had to have full coverage insurance for the GAP ! I have only liability insurance .

That He ascended to the car. I still owe $ 8000 to the shore. I had the car for 8 months and the bank has never been after me to get full coverage insurance , not sure why. I have not told the bank that was the car, and I 'm trying to pay off the loan as quickly as possible. In the meantime I have maintained liability insurance on it, so as not to alert the bank, but I prefer to cancel the insurance because it is just losing money at this time. I also want to cancel GAP insurance and extended warranty they sold me , but again I do not want to alert the bank that I have full coverage.

Any advice appreciated!
Answer1 gentle into injury つ -Answered at 2012-03-13 22:16:34
As screwed as you are, you have to tell the bank. It is their property , not yours , and are entitled to know.
Answer2EldredAnswered at 2012-03-21 21:42:23
ok to start all banks each time getting a car from a bank or a loan in one or for a car that has to be insuranse work not for sure if you have no car so you 're probably covered in all papers signed must be protected not only money and you're adding it to the balance to ensure you have full coverage only in the car and no, it
Answer3penguinAnswered at 2012-03-22 19:49:01
The truth? Either way you're screwed. I would call the bank, tell them the truth , and see what you get for options.
Answer4SandraAnswered at 2012-05-06 23:02:17
usaully the bank is in the upper part of the same ...... usually require full coverage to be provn , and sure difference is based only on payment .....

Maybee , is not only a large bank, and have not noticed the hole in the safe.

I guess the only bank that will come later if you stop making payments on the loan .... I do not think there's an easy way out of this, but as long as the bank is getting thier money, they should back off .
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